Black Sea Trade and Development Bank

Black Sea Trade and Development Bank Continues to Invest with OpenText

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About Black Sea Trade and Development Bank

BSTDB was established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine to accelerate development and promote cooperation among its shareholder countries. The bank supports regional trade and investment, providing financing for commercial transactions and projects in order to help member states establish stronger economic linkages. It has approved more than 320 mid-term to long-term loans, equity investments, and guarantees in key sectors, including infrastructure, energy, transport, manufacturing, telecommunications, finance, and other important areas, totaling more than €4.2 billion (June 2017).